April 05, 2012 (Press-News.org) Medical Costs Drive Many to Bankruptcy
In the country's current economic downturn, the cost of medical care can easily send a person into an economic tailspin. Those who lose their jobs may suddenly find themselves without health insurance. With the astronomical cost of health care, if a person gets sick and has no insurance, the debt can mount quickly. Declining home values mean that many people no longer have significant assets to use to pay off these bills. Some use credit cards to pay medical providers, lest the provider no longer offers treatment for non-payment, so they also have significant interest rates compounding the amount of money they already owe. The situation leads many people to seek bankruptcy protection.
Medical Debts Growing in the U.S.
Many people are feeling the strain of rising medical costs. The Commonwealth Fund reported that over 44 million Americans owed money on medical bills in 2011, up from 8 million in 2005. Results from a 2010 survey by the Center for Studying Health System Change showed that one in five of those with medical debt were struggling to pay their bills, while one in four were considering filing bankruptcy.
CredAbility, a non-profit credit counseling agency, reported similar findings. According to its data, about 20 percent of the people filing bankruptcy in 2010 and 2011 cited medical bills as the main reason they were filing. In contrast, only 12 to 13 percent reported medical bills were the reason they were filing in the two years prior.
Bankruptcy as an Option
One of the major benefits that bankruptcy offers people is protection from creditor harassment. Once a person files bankruptcy, the court puts an automatic stay on collection actions, meaning people no longer have to face threatening letters and phone calls from collection agencies.
Most medical debt is unsecured debt and can be discharged in bankruptcy. Once a person receives the bankruptcy debt discharge, he or she will no longer be personally liable for paying the debt.
Talk to an Attorney
The decision to file bankruptcy should not be taken lightly. Those who are struggling to pay medical bills should seek the counsel of a bankruptcy lawyer who can discuss their options with them.
Article provided by The Law Offices of Richard B. Rosenblatt, PC
Visit us at http://www.rosenblattlaw.com
Medical Costs Drive Many to Bankruptcy
Many people are struggling to pay medical bills and a growing number are filing bankruptcy as a result.
2012-04-05
ELSE PRESS RELEASES FROM THIS DATE:
Nevada's Child Custody Laws
2012-04-05
Nevada's Child Custody Laws
When parents split up one of the major challenges they face is figuring out how to continue to co-parent. Many times parents cannot agree on how to do so, and they need the court to step in and make custody and child support decisions. Parents in Nevada should understand the types of custody arrangements available, how the court makes custody decisions and how the court calculates child support.
Child Custody
Like many other states, Nevada has two categories of custody:
-Legal: Legal custody means that a parent has the right to make ...
Discovering Hidden Assets During Divorce
2012-04-05
Discovering Hidden Assets During Divorce
In marriages where one spouse is responsible for the couple's finances, it is easy for one spouse to prey on the other's ignorance and attempt to hide assets should the couple go through a divorce. While it is both illegal and unethical to try to make property division in a divorce uneven by hiding assets, many spouses try to do it. People should be aware of the signs a spouse may be hiding assets and some typical places people hide assets.
Signs a Spouse Is Hiding Assets
People may engage in certain tactics when they are ...
Graphite Design Shafts Played by Winners of the LPGA Kraft Nabisco Championship and the European Tour Sicilian Open
2012-04-05
Graphite Design, maker of some of the most widely played premium golf shafts on the PGA TOUR, announced today that the winners of both the LPGA Kraft Nabisco Championship and the European Tour Sicilian Open played Graphite Design shafts.
"Our new G Series shaft is becoming more popular on all tours and we are pleased that the winner of the Kraft Nabisco Championship opted to play this shaft during her first major championship," said Tak Yamada, President, Graphite Design. "We congratulate her on her second LPGA career victory and we congratulate the winner ...
2nd Annual Rockin' for Rescue
2012-04-05
Come one, come all. Come anyone who can get down for a good cause. The Trio Animal Foundation (TAF) is hosting its second annual Rockin' for Rescue event at the historic Double Door rock club on May 19th. The event will feature live music by Dr. Bombay, one of Chicago's top party bands, and the tween all-girl rock group Purple Apple, currently recording a new EP.
Founded on the mission of assisting shelters, rescue organizations and individuals, TAF is a charitable organization that works to improve the lives of homeless pets by facilitating and paying for quality medical ...
Ecreative Internet Marketing Releases Updated, Improved Trackable Social Share Icons for Wordpress
2012-04-05
Following last year's successful launch of their "Trackable Social Share Icons," the Ecreative Internet Marketing team have released an updated, new-and-improved version of the popular Wordpress blog plugin. The plugin is available for both businesses and individuals, and can be downloaded for free at Wordpress.org.
In addition to the original Trackable Social Share Icons' linking badges for Facebook, Twitter, LinkedIn, and other popular social media networks, the updated version includes a linking icon for up-and-coming social site Pinterest. Several other ...
Traffic Safety Coalition Releases New Video Highlighting The Need to Always Stop on Red
2012-04-05
The Traffic Safety Coalition, a national not for profit committed to making our roads safer through the use of traffic safety tools, including red light cameras, has released a dramatic new video called "It's the Law" highlighting the need for all drivers to always obey the law, or possibly suffer the consequences of a dangerous crash.
The intense 30 second video opens with the question: "Why you stop on red?" It is followed by jarring footage of real red light running crashes, including several crashes where pedestrians and other vehicles are impacted ...
Actian and Lenovo Team to Optimize Big Data and Business Intelligence with New Appliance
2012-04-05
Vectorwise Data Mart Appliance Powered by Lenovo Helps Companies Reduce Big Data Complexities and Speed Business Results
Actian Corporation today announced that it is teaming with Lenovo to deliver the powerful Vectorwise Data Mart Appliance, a pre-configured software and hardware solution designed to break the cost and technical constraints of competing data analysis products. By matching smart software with high-performance, budget-minded hardware, Actian's relationship with Lenovo is a collaboration of world-class platforms that simplifies the implementation of Big ...
Horsin' Around Stamford Downtown: Pop Artist Charles Fazzino Partners with Stamford CT for 3D Art
2012-04-05
Stamford Downtown, http://www.stamford-downtown.com/, is proud to announce that they have commissioned 3D pop artist Charles Fazzino, http://www.fazzino.com/, to create the logo and visual identity for this Summer's art exhibit, Horsin' Around Stamford Downtown, Art in Public Places. Not only will Fazzino create the event logo and serve on the board of jurors, but he will also contribute his own talents to painting one of the larger-than-life-sized horse statues that will be placed all around Stamford, CT beginning in June.
"We are so proud to have Charles Fazzino ...
Legacy Palm Beach Magazine Names Trial Attorney John Howe Of Lesser, Lesser, Landy & Smith, PLLC One Of "South Florida's 25 Most Powerful Black Professionals"
2012-04-05
Lesser, Lesser, Landy & Smith, PLLC (LLL&S) is pleased to announce that trial attorney John Howe, who serves "Of Counsel" to the firm, has been named one of "South Florida's 25 Most Powerful Black Professionals" by Legacy Palm Beach Magazine ("Legacy"). The recognition will be featured in the April/May 2012 issue of Legacy that will be inserted on Monday, April 30th in the Business Monday section of the Palm Beach Post. Howe will be honored at a reception hosted by the publication in May.
Established in 2004, Legacy is a news/business ...
BuyTile Shares Tile Flooring Ideas for Kitchens and Bathrooms
2012-04-05
The tile flooring experts at BuyTile recently announced an expansion to their inventory of high-quality porcelain tile. Designed to ease renovation projects for homeowners, while also helping to boost the value and aesthetic appeal of customers' homesteads, the merchant's porcelain mosaics are an easily installed and elegant method of remodeling old and drab bathroom and kitchen areas. Homeowners can peruse the expanded collection at http://www.BuyTile.com, where they can also access additional discounts on ceramic and glass tile flooring.
"Porcelain tile mosaics ...
LAST 30 PRESS RELEASES:
Hanbat National University researchers present new technique to boost solid oxide fuel cell performance
Even short school breaks affect student learning unevenly across socioeconomic backgrounds
When words matter: Language and culture shape early childhood outcomes
UBC enzyme technology clears first human test toward universal donor organs for transplantation
Birds’ vocal warnings provide new insight into the origins of language
Breakthrough results from elephant herpesvirus trial find vaccine to be safe
Final step in the biosynthesis of iridoids elucidated
New antibiotic targets IBD — and AI predicted how it would work before scientists could prove it
Glioblastomas affect much more than just the brain
Researchers uncover why mental maps fade with age
New mechanism revealed: How leukemia cells trick the immune system
Genetic map reveals influence of DNA on metabolism
Researchers use ultrasound holograms to influence brain networks
Unique videos show how trawling restrictions brings back life to the sea
Whooping cough can be fatal in young infants, experts warn
Knee-d for excellence: New regional training hub keeps surgeons sharp for ageing population
The Lancet: Billions lack access to healthy diets as food systems drive climate and health crises, but sustainable, equitable solutions are within reach, says new EAT-Lancet report
Countries with highest reported levels of hearing loss have lowest use of hearing aids
Early medical abortion at home up to 12 weeks is safe, effective, and comparable to hospital care
New approach to gravitational wave detection opens the Milli-Hz Frontier
Rice membrane extracts lithium from brines with greater speed, less waste
Exercise lowers disease risk. This researcher wants to understand how
Hurricane evacuation patterns differ based on where the storm hits
Stem Cell Reports welcomes new members to its Editorial Board
Researchers develop molecular qubits that communicate at telecom frequencies
Mayo Clinic awarded up to $40 million by ARPA-H for pioneering air safety research
People with Down syndrome have early neuroinflammation
CNIO researchers create the “human repairome”, a catalogue of DNA “scars” that will help define personalized cancer treatments
Strengthening biosecurity screening for genes that encode proteins of concern
Global wildfire disasters are growing in frequency and cost
[Press-News.org] Medical Costs Drive Many to BankruptcyMany people are struggling to pay medical bills and a growing number are filing bankruptcy as a result.